Global stocks are about to crash. This monopoly game is almost over and all money and property will be returned back to the box.

And what do you suggest? Holding fiat can not be the solution

If you see a deflationary collapse like 2008 coming where, you know, everything collapses vs. fiat currency ... Why not? Is the point of speculation to preserve and increase purchasing power or is it some sort of feel good mentality?

Global stocks are about to crash. This monopoly game is almost over and all money and property will be returned back to the box.

And what do you suggest? Holding fiat can not be the solution

If you see a deflationary collapse like 2008 coming where, you know, everything collapses vs. fiat currency ... Why not? Is the point of speculation to preserve and increase purchasing power or is it some sort of feel good mentality?

Or sections of society have no money and switch to using digital currencies. Would be more efficient than bartering.

Global stocks are about to crash. This monopoly game is almost over and all money and property will be returned back to the box.

And what do you suggest? Holding fiat can not be the solution

If you see a deflationary collapse like 2008 coming where, you know, everything collapses vs. fiat currency ... Why not? Is the point of speculation to preserve and increase purchasing power or is it some sort of feel good mentality?

What are you saying is collapsing then? The stock market, the FIAT currencies, governments? Or do you also think that Bitcoin collapses? Wouldn't bitcoin be a perfect haven against a collapsing 'traditional' economy?

Global stocks are about to crash. This monopoly game is almost over and all money and property will be returned back to the box.

And what do you suggest? Holding fiat can not be the solution

If you see a deflationary collapse like 2008 coming where, you know, everything collapses vs. fiat currency ... Why not? Is the point of speculation to preserve and increase purchasing power or is it some sort of feel good mentality?

What are you saying is collapsing then? The stock market, the FIAT currencies, governments? Or do you also think that Bitcoin collapses? Wouldn't bitcoin be a perfect haven against a collapsing 'traditional' economy?

Global stocks are about to crash. This monopoly game is almost over and all money and property will be returned back to the box.

And what do you suggest? Holding fiat can not be the solution

If you see a deflationary collapse like 2008 coming where, you know, everything collapses vs. fiat currency ... Why not? Is the point of speculation to preserve and increase purchasing power or is it some sort of feel good mentality?

It would be easy to agree with this but the only caveat is fiat creation by central banks and the potential for future fiat creation by central banks. Frankly, I don't think anybody knows how this will affect markets going forward. A deflationary collapse would have to be swift and powerful, which is definitely possible. I believe we will see volatility increasing in fiat currencies with wild swings on both the deflationary and inflationary sides. The aftermath will leave bitcoin and possibly a select few other chains emerge as dominant money and global finance and gold as a last resort backup storage of wealth imho.

Counterfeit: made in imitation of something else with intent to deceive: merriam-webster

Global stocks are about to crash. This monopoly game is almost over and all money and property will be returned back to the box.

Doom and gloom, baby. Doom and gloom.

The problem with predictions like that is they're almost impossible to falsify... "dramatic selloff" implies a real crash. A new capitulation low. Say, going back to $300, maybe even lower.

Or maybe not. Let's say price is going down another leg, hitting $500, maybe even high $400s. The prediction will "sound" right as well afterwards, or at least some will claim it does (while I would hardly call it "dramatic").

Same for the stock markets. "About to crash", or "entering a longer bear market"? The two are not the same, but a vague enough statement can afterwards be claimed to have "predicted" it.

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Global stocks are about to crash. This monopoly game is almost over and all money and property will be returned back to the box.

Doom and gloom, baby. Doom and gloom.

The problem with predictions like that is they're almost impossible to falsify... "dramatic selloff" implies a real crash. A new capitulation low. Say, going back to $300, maybe even lower.

Or maybe not. Let's say price is going down another leg, hitting $500, maybe even high $400s. The prediction will "sound" right as well afterwards, or at least some will claim it does (while I would hardly call it "dramatic").

Same for the stock markets. "About to crash", or "entering a longer bear market"? The two are not the same, but a vague enough statement can afterwards be claimed to have "predicted" it.

Good kings all around. Luc has been prescient several times before and we should give him props for that.

In addition, it doesn't take a rocker scientist to suggest stocks are way overbought. And it's entirely possible that if the stock market goes down I a big way that bitcoin could too - although there is no real historical precedent got this.

However, we also should consider, reading over Lucs most recent posts, that there is a certain amount of regional stress he is currently over involving where he resides. This may be causing him to have a less than well rounded and objective view of the current world financial markets.

It seems like doom and bloomers have been around forever and they, for several reasons, will always be.

Global stocks are about to crash. This monopoly game is almost over and all money and property will be returned back to the box.

Doom and gloom, baby. Doom and gloom.

The problem with predictions like that is they're almost impossible to falsify... "dramatic selloff" implies a real crash. A new capitulation low. Say, going back to $300, maybe even lower.

Or maybe not. Let's say price is going down another leg, hitting $500, maybe even high $400s. The prediction will "sound" right as well afterwards, or at least some will claim it does (while I would hardly call it "dramatic").

Same for the stock markets. "About to crash", or "entering a longer bear market"? The two are not the same, but a vague enough statement can afterwards be claimed to have "predicted" it.

don't forget who predicted a multi-year bear market after the december top -- our very own lucif. whether that is still on the cards is up for debate, but 8 months later, still going strong.

You missed the point of what I said. A vague enough statement always hits the mark. We go down to $530? "Dramatic selloff confirmed". We go down to $300? "Definitely dramatic selloff". We bounce back from $550? "Kind of a dramatic selloff". (For the record, $530 seems a good candidate imo).

About the other point: I've said it often enough in this thread - masterluc has an amazing read on the market. I never dismiss his predictions thoughtlessly. I do however point out when they're not so much predictions but more 'vague, ominous sounding murmurs'.

Not sure which Bitcoin wallet you should use? Get Electrum!Electrum is an open-source lightweight client: fast, user friendly, and 100% secure.Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.

You missed the point of what I said. A vague enough statement always hits the mark. We go down to $530? "Dramatic selloff confirmed". We go down to $300? "Definitely dramatic selloff". We bounce back from $550? "Kind of a dramatic selloff". (For the record, $530 seems a good candidate imo).

i think the point is this: if you say it's bearish and get a selloff you are right. if you say it's bearish and get rally you are wrong. attacking vagueness means nothing in that case.

We should really define what is a dramatic sell off. Is it that weeny kind of sell off, meaning 560 - 500. A capitulation sell off, meaning 440 - 275, or a cataclysm going back to ancient trend line in the 100's.

Global stocks are about to crash. This monopoly game is almost over and all money and property will be returned back to the box.

Doom and gloom, baby. Doom and gloom.

The problem with predictions like that is they're almost impossible to falsify... "dramatic selloff" implies a real crash. A new capitulation low. Say, going back to $300, maybe even lower.

Or maybe not. Let's say price is going down another leg, hitting $500, maybe even high $400s. The prediction will "sound" right as well afterwards, or at least some will claim it does (while I would hardly call it "dramatic").

Same for the stock markets. "About to crash", or "entering a longer bear market"? The two are not the same, but a vague enough statement can afterwards be claimed to have "predicted" it.

Good kings all around. Luc has been prescient several times before and we should give him props for that.

In addition, it doesn't take a rocker scientist to suggest stocks are way overbought. And it's entirely possible that if the stock market goes down I a big way that bitcoin could too - although there is no real historical precedent got this.

However, we also should consider, reading over Lucs most recent posts, that there is a certain amount of regional stress he is currently over involving where he resides. This may be causing him to have a less than well rounded and objective view of the current world financial markets.

It seems like doom and bloomers have been around forever and they, for several reasons, will always be.

These are my thoughts also about the case of lucs recent post. But I disagree on one thing, It's rocket scientist, not rocker.

Global stocks are about to crash. This monopoly game is almost over and all money and property will be returned back to the box.

Doom and gloom, baby. Doom and gloom.

The problem with predictions like that is they're almost impossible to falsify... "dramatic selloff" implies a real crash. A new capitulation low. Say, going back to $300, maybe even lower.

Or maybe not. Let's say price is going down another leg, hitting $500, maybe even high $400s. The prediction will "sound" right as well afterwards, or at least some will claim it does (while I would hardly call it "dramatic").

Same for the stock markets. "About to crash", or "entering a longer bear market"? The two are not the same, but a vague enough statement can afterwards be claimed to have "predicted" it.

Good kings all around. Luc has been prescient several times before and we should give him props for that.

In addition, it doesn't take a rocker scientist to suggest stocks are way overbought. And it's entirely possible that if the stock market goes down I a big way that bitcoin could too - although there is no real historical precedent got this.

However, we also should consider, reading over Lucs most recent posts, that there is a certain amount of regional stress he is currently over involving where he resides. This may be causing him to have a less than well rounded and objective view of the current world financial markets.

It seems like doom and bloomers have been around forever and they, for several reasons, will always be.

These are my thoughts also about the case of lucs recent post. But I disagree on one thing, It's rocket scientist, not rocker.

Auto correct from an iPhone while on the phone is a bitch. I see about 5-6 errors in my last post at first glance. Smh.